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20-11-2018, 08:45 AM
#11621
Originally Posted by bull....
but growth slowing going forward and positive fx in the first quarter will reverse
True, but I for one am happy with the results and management are not concerned about the new legislation China put forward....
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20-11-2018, 08:48 AM
#11622
Originally Posted by bull....
but growth slowing going forward and positive fx in the first quarter will reverse
Growth always going to get harder, and have stated expect FX to reverse.
By my reckoning, not allowing for any growth $86m for 4 months = PE of 29.8
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20-11-2018, 08:55 AM
#11623
Originally Posted by Sideshow Bob
Growth always going to get harder, and have stated expect FX to reverse.
By my reckoning, not allowing for any growth $86m for 4 months = PE of 29.8
pe still high dont you think if growth to slow down a little?
regulatory in china is still uncertain until it happens
when they going to give up on the uk?
i like that they are doubling down on increased marketing etc got plenty of cash they can use will need it for usa market
one step ahead of the herd
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20-11-2018, 09:00 AM
#11624
Well, that's a bit ho hum. Kind of business as usual. No mention of relieving supply constraints. $368m revenue a quarter (thats a bit off hyped expectations) is as good as its going to get. No mention of how those great profits are going to be applied. Other than China no mention of growth in other markets.
Seems they do have some secret squirrel plans under way on how the future will unfold. But its a long time between milky drink if we have to wait till end of financial year. Suggest it could be huge - given they seem to be stockpiling a large war chest of cash.
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20-11-2018, 09:02 AM
#11625
Originally Posted by Sideshow Bob
From Jaynes address: And, continuing the trend, we have today also released a record result for the first four months of the year. We are reporting first four months: Revenue of $368.4 million, which represents a growth of 40.5% over prior year; EBITDA of $124.2 million, 58.5% growth on prior year; Profit before tax is $124.9 million up 60.0% and NPAT is $86.0 million up 64.5%.
I had hoped for better.....but am reasonably happy. Lack of info' on regional sales, makes it hard to judge UK and USA progress. Be interesting to see today's SP action.
Last edited by Leftfield; 20-11-2018 at 09:10 AM.
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20-11-2018, 09:03 AM
#11626
Originally Posted by bull....
pe still high dont you think if growth to slow down a little?
regulatory in china is still uncertain until it happens
when they going to give up on the uk?
i like that they are doubling down on increased marketing etc got plenty of cash they can use will need it for usa market
Agree with most of your points there Bull. But if growth slows, it is off a higher base. if it dropped to 20%, it is still another $50m+ to the bottom line.
China is China, and I think will usually have uncertainties, no matter what. The business I work in is China focused, and regulation and market access are by far the biggest issues.
No debt and brand is a huge thing when the followers are coming - so makes sense to invest in brand and marketing.
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20-11-2018, 09:08 AM
#11627
Originally Posted by Left field
Be interesting to see today's SP action.
first up is 100,000 at $10.51. Its a "LA" condition - but I dont know what that one is.
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20-11-2018, 09:13 AM
#11628
Originally Posted by minimoke
W No mention of relieving supply constraints.
Only thing I noted was a reasonable increase in inventory. $28.4m to $64.1m.
Historically never really talked about supply or any constraints etc.
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20-11-2018, 09:17 AM
#11629
I was hoping for more revenue growth but good to see the Chinese label sales growth up 75% and 11/11 event sales tripling. It seems to me they could be growing a lot faster if they had more IF supply, hope there are lots of questions about this at the meeting.
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20-11-2018, 09:18 AM
#11630
Originally Posted by Sideshow Bob
Only thing I noted was a reasonable increase in inventory. $28.4m to $64.1m.
Historically never really talked about supply or any constraints etc.
That data is from June so is old information, they haven't updated the inventory levels which I would love to know.
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